How does money enhance the efficiency of transactions compared to bartering?(1 point)

Responses

It requires finding a partner with the right goods.
It requires finding a partner with the right goods.

It complicates the trading process.
It complicates the trading process.

It eliminates the need for a common measure of value.
It eliminates the need for a common measure of value.

It allows for immediate exchanges without negotiation.

1 answer

The correct response is:

It allows for immediate exchanges without negotiation.

Money enhances the efficiency of transactions compared to bartering by providing a standard medium of exchange that facilitates trade without the need for a direct match of goods or services.